BM&FBOVESPA Announces January 2009 Market Performance

BM&FBOVESPA’s equities and fixed-income markets traded BRL75.50 billion in January in a total of 5.60 million trades, in comparison to BRL76.90 billion traded and 5.10 million transactions in the previous month.

Derivatives (including financial and agribusiness) totaled 28.40 million contracts and BRL2.40 trillion in trading volume in January, in comparison to 22.12 million contracts and a trading volume of BRL1.82 trillion in the previous month. The daily average of contracts traded in the derivatives markets in January was 1.35 million, compared to 1.10 million in December.

1. Equities and Fixed-Income Markets

Volumes and transactions

The total financial volume in the equities and fixed-income markets reached BRL75.50 billion in January in a total of 5.60 million trades. The average daily financial volume in January was BRL3.60 billion, for a daily average of 266.432 transactions.

In December, the total financial volume reached BRL76.90 billion in a total of 5.1 million trades and the average daily financial volume was BRL3.80 billion, for a daily average of 255,569 transactions. The stocks with the highest financial volumes in January were Petrobras PN, with BRL11.91 billion; Vale R Doce PNA, with BRL10.14 billion; Bradesco PN, with BRL2.71 billion; Itaubanco PN, with BRL2.70 billion; and Vale R Doce ON, with BRL2.69 billion.

Indexes

The Ibovespa ended January up 4.6% at 39,300 points. Among the stocks that compose the Bovespa index, the best performing stocks were TIM Part S/A ON (+37.47%), Bradespar PN (+22.05%); Sid Nacional ON (+21.31%); Rossi Resid ON (+18.78%) and Vivo PN (+18.70%). The poorest performing stocks were VCP PN (-24.09%); Aracruz PNB (-20.08%); Telemar PNA (-18.29%); Cesp PNB (-17.16%); and Brasil Telec PN (-12.00%).

In addition to the Ibovespa, the following indexes ended higher in January: IMOB (+7.4% at 330 points); IBrX-50 (+4.3% at 5.784 points); MidLarge Cap (+3.7% at 587 points); IBrX-100 (+3.5% at 12,979 points); INDX (+1.8% at 5,403 points); IGC (+1.3% at 3,746 points). The indexes closing the month lower were ISE (-5.6 % at 1,118 points); ITAG (-2.3% at 4,655 points); ITEL (-1.1% at 1,011 points); IVBX-2 (-0.9% at 3,412 points); IEE (-0.7% at 15,180 points) and ICON (-0.2% at 696 points). The Small Cap index ended stable at 493 points.

Market Capitalization

The total market capitalization of the 392 companies listed on the BM&FBOVESPA was BRL1.42 trillion in January, up from BRL1.37 trillion for the 392 companies listed in December.

Special Corporate Governance Levels

The 160 companies that were part of the special corporate governance levels at the end of January represented 59.06% of the total market capitalization, 67.77% of the total financial volume, and 76.13% of the total number of trades in the BM&FBOVESPA spot market.

Market Participation

The spot market accounted for 92.8% of total financial volume in January, followed by the options market, with 5.3%, and by the forward market, with 1.9%. The after market traded BRL730.8 million, with 69,148 trades, compared to BRL739.5 million and 67,495 transactions in December.



2. Fixed Income

In January, one series of debentures were listed on BM&FBOVESPA’s fixed-income markets. The secondary market’s financial volume totaled BRL45.12 million, compared to BRL26.92 million in December, including trades on Bovespa Fix and Soma Fix. FDIC accounted for BRL32.33 million of that total, debentures for BRL6.87 million, and CRI for BRL5.92 million.

3. Derivatives Markets

Financial Derivatives

ID Interest futures totaled 12.60 million contracts in January, compared to 9.40 million in December. US Dollar Futures traded 4.30 million contracts, compared to 4.06 million in the previous month. Ibovespa futures traded 1.1 million contracts, remaining stable in comparison with December.

Open interest contracts ended the last trading day of January with 12.70 million transactions, compared to 17.90 million in December.

Agribusiness Derivatives

The BM&FBOVESPA’s agribusiness derivative markets (including the futures and options markets) totaled 153,000 contracts in January, compared to 179,200 in the previous month. The live cattle market registered 72,400 contracts, compared to 97,400 contracts in the previous month. Arabica coffee totaled 45,450 contracts, compared to 35,600 in December. Soybeans stood at 18,310 contracts, compared to 18,370 in the previous month; and corn totaled 11,800 contracts, compared to 24,200 in December.

Agribusiness markets totaled 72,010 open interest contracts at the end of the last trading day of January. In December, open interest contracts totaled 69,500.

Mini contracts

In January, 883,100 “mini” derivative contracts were traded through WebTrading, down from a total of 709.800 million in December. Mini Ibovespa futures totaled 865,600 contracts, compared to 689,400 million in the previous month. Mini dollar futures markets totaled 16,047 contracts, compared to 18,300 in December. Mini futures contracts ended January with 17,300 open interest contracts, compared to 10,700 in the previous month.

4. Spot Gold

Spot Gold

The Gold (250 grams) spot market traded 715 contracts in January, compared to 595 in December. The financial volume for the Gold spot market totaled BRL11.00 million in January, compared to BRL8.90 million in the previous month.

5. Investors Participation

Equities

Foreign investors topped the financial volume in the equities market in January, accounting for 34.10% of the total volume, compared to 36.15% in December. Individual investors took second place, with 33.46% compared to 29.50%; institutional investors accounted for 23.84%, compared to 23.82%; financial institutions, with 6.33% compared to 6.15%; companies, with 2.18% compared to 4.20%; and other types of investors, 0.09% compared to 0.17%.

Foreign Investment

In January, the financial volume traded by foreign investors in the stock market was a negative BRL646,071,549.00, which is the net balance between stock sales of BRL25,465,563,949.00 and stock purchases of BRL24,819,492,400.00. There were no stock offerings in January.

Derivatives

Financial investors led transactions in the derivatives markets, responsible for 49.17% of the contracts traded in January, compared to 48.40% in December; institutional investors accounted for 20.58%, compared to 20.19%; foreign investors, 19.39%, compared to 19.84%, individual investors, with 7.76%, compared to 7.79%; and non-financial investors, with 3.10%, compared to 3.78%.


6. Individual Investors

Equities – Individual Investors

The BM&FBOVESPA had a total of 537.863 individual investor accounts at the end of January, compared to 536.483 in the previous month.

Equities – Investment Clubs

Investors created 30 investment clubs in January. BM&FBOVESPA ended January with 2,778 investment clubs. Their net worth totaled BRL8.30 billion and the number of participants stood at 148,600 as of December, the latest available figure.

Home Broker

Home Broker transactions in January were as follows: a total financial volume of BRL26.81 billion, compared to BRL24.31billion in December; an average daily volume of BRL1.27 billion, compared to BRL1.21 billion; an average amount per transaction of BRL9,200.00, compared to BRL8,900,00; the total number of transactions, 3.20 million, compared to 2.90 million; and a daily average of 156,800 transactions, compared to 146,800.

Home broker participation in the stock market’s January financial volume was 17.80%, compared to 15.80% in the previous month, while in terms of the total number of transactions that participation reached 29.40%, compared to 28.70%. The number of investors placing orders stood at 155,618, compared to 156,036 in December. Sixty brokerage firms offered the service in January, compared to sixty-one in the previous month.

Derivatives

In January, the Derivatives Clearinghouse registration system had 82,345 individual taxpayer registry (CPF) numbers, compared to 81,003 in the previous month.